SMXT · SolarMax Technology, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“As a result of the above, there is substantial doubt regarding the Company’s ability to continue as a going concern within one year from the date of issuance of these financial statements.”View the 10-Q filed May 15, 2026
Key customers — 99% of revenue (the year ended December 31, 2025)
“$45.8 million, or 99.0% of contract assets (see Note 8)”
One customer — 66.1% of revenue (the year ended December 31, 2025)
“For the years ended December 31, 2025, one customer, Longfellow, accounted for $60.2 million, or 66.1%, of revenues”
One customer — 72.4% of receivables (the year ended December 31, 2025)
“$9.4 million, or 72.4%,of accounts receivable”
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
No Compensation Data
No Summary Compensation Table has been imported from this company's proxy statements yet.
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Steve Chen | director | Resigned | 2026-05-19 |